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VAT alert for the business crisis: new debt thresholds

The Simplification Decree has changed the discipline of qualified public creditors , in particular the reporting , by the Revenue Agency, of VAT debts , the threshold in absolute value of 5,000 euros is not raised , but another is added in value percentage of 10% with respect to the turnover relating to the previous tax period, and introduced a further generalized threshold of 20,000 euros.

Source: commercialistatelematico.com

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